Saskatchewan Home Improvement Grants (2018): Grants, Rebates & Tax Credits

Federal and Provincial Grants & Rebates for Saskatchewan Homeowners

Saskatchewan Home Repair Program
  • This program allows you to withdraw up to $25,000 from your RRSP to buy or build a new home.
  • You can also use it to buy or build a home for yourself or someone you know with a disability.
  • The HBTC is a non-refundable tax credit that helps homeowners recover closing costs such as legal expenses and inspections.
  • First-time buyers can claim up to $5,000 for the purchase of a qualifying home on their personal tax return on the year of purchase. However, you cannot have lived in another home you or your partner owned in the previous 4 years.
  • If you have a disability (i.e., you are eligible for the disability tax credit) or if you bought the house to improve accessibility for someone who is disabled, you do not have to be a first-time home buyer.
  • The GST/HST new housing rebate gives back some of the GST or the federal part of the HST you paid - up to $1,500 - for a new or substantially renovated house that is your primary place of residence provided you meet all the eligibility requirements
  • This program is open to First Nations and First Nation members owning residential properties that want to create affordable, self-contained rental accommodation (secondary, granny, or garden suites) within their primary residence.
  • Eligible households can receive fully forgivable loans that do not have to be repaid as long as you stick to the conditions of the program, such as renting the suite to low-income tenants. The most you can get is $60,000 per unit unless you live in a northern or remote community. In that case, the amount increases by 25%.

  • This program is open to First Nations and First Nation members owning residential properties that want to create affordable, self-contained rental accommodation (secondary, granny, or garden suites) within their primary residence.
  • Eligible households can receive fully forgivable loans that do not have to be repaid as long as you stick to the conditions of the program, such as renting the suite to low-income tenants. The most you can get is $60,000 per unit unless you live in a northern or remote community. In that case, the amount increases by 25%.

  • If you are a low-income person (including landlords) making renovations to improve access in your household for someone with a disability, this program is for you.
  • You can receive a forgivable loan up to $23,000.

Genworth Canada Energy-Efficient Housing Program

  • Receive a 25% rebate when you build a home through one of Genworth Canada’s qualifying energy-efficient building programs or meet the prescribed minimum Natural Resources Canada EnerGuide requirements and fund it through a Genworth Canada insured mortgage.
  • If you are a first-time homebuyer, you can receive a credit of up to $1,100 on your provincial taxes.
  • This program is operated through the Canada Revenue Agency.

Secondary Suite Program

For homeowners or rental property owners interested in creating or legalizing secondary suites, this program is for you!

Jointly funded by Canada Mortgage and Housing Corporation and Saskatchewan Housing Corporation, you can get a forgivable loan for up to 50% of the total construction or renovation costs for the secondary suite. This amounts to a cap of $10,000 to develop a new suite or up to $30,000 to develop or renovate a suite in an existing property.

Low-income Tax Credit

Low-income Saskatchewan residents can now receive a tax credit of up to $964 per family per year to help with the cost of living. You do not need to apply or pay income tax to qualify. All you need to do is file your taxes and have a household income under the allowable threshold.

 

Regina Homeowner Grants

Regina Homeowners
  • Under this program to preserve Regina’s historic properties, homeowners of eligible properties can apply for financial assistance to cover 50% of the eligible work cost or the total property taxes payable over 10 years, whichever is the least.

Housing Incentives Policy – Tax Exemption for Secondary Suites

  • The City of Regina has begun an initiative to create more affordable housing options in the city. Qualifying homeowners building secondary suites can apply for a tax exemption matching their development category providing they apply while construction is ongoing and they agree to rent to those within set income levels. Other eligibility requirements exist, so check their brochure for more information.

UTILITY GRANTS & REBATES for SASKATCHEWAN HOMEOWNERS

Small Power Producer Program

SaskPower

Net Metering Rebate/Credit Program

Anyone capable of generating up to 100 kW (dc) of electricity through an eligible alternative form can apply for a one-time rebate until Nov. 30, 2018, up to a maximum of $20,000.

You will also receive a credit on your bill for any excess electricity you produce and send back to the grid.

Retail Discount Program

These sales are offered in store. Check their website often to catch the sales.

  • Twice a year, SaskPower teams up with retailers to provide discounts on Smart Home products and lighting that is Energy Star certified.

 

Info taken from:   https://showmethegreen.ca/saskatchewan/saskatchewan-home-improvement-grants-2018/

Jenni Bast

Jenni Bast

REALTOR®
CENTURY 21 Dome Realty Inc.
Contact Me

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